VSUS Technologies Inc. Announces Name Change to New Colombia Resources, Inc. The Company has engaged an investment banking firm to assist in corporate financing
BOGOTA, Colombia, Jan. 10, 2013 /PRNewswire/ -- VSUS Technologies Inc. (OTCQB: VSUT) ("VSUS" or the "Company") announced today that it has changed its name to New Colombia Resources, Inc. with the state of Delaware. The Company has filed for a new cusip number and anticipates filing with FINRA for a new symbol in the next few days. "We felt a name change was necessary to reflect the direction of the company emphasizing that Colombia is a New Colombia with vast untapped human and natural resources," stated John Campo, President of New Colombia Resources, Inc.
The Company is also announcing that it has engaged an investment banking firm to assist in raising the capital needed to get their La Tabaquera Metallurgical Coal Mine into production. The terms of any financing will be disclosed at the appropriate time.
New Colombia Resources Inc. recently reached a milestone by registering their Works Programme with the National Mining Agency in Colombia. The Company anticipates approval of their mining permit within the next several weeks. They also plan on filing their Environmental Management Plan (PMA) within the next few weeks.
The Company anticipates closing on the acquisition of an operating subsidiary in Colombia by the end of January.
About New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties in the Republic of Colombia. They own 100% of La Tabaquera mine in Colombia with an estimated 15- 17 MM tonnes of reserves, 70% metallurgical and 30% thermal coal. Once the necessary financing is obtained, the Company plans to have three revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. The Company is also exploring allegiances with U.S. universities to study capturing Coal Bed Methane (CBM) in Colombia. For more information on the Company visit their website at www.vsustechnologies.com. The company's new website under construction is www.newcolombiaresources.com.
Transportation, Logistics and Other Information
With proper financing New Colombia Resources plans to build or acquire wholly owned river or rail loading facilities on the Magdalena River close to their mines. The coal will be trucked to these distribution centers, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Buenaventura for export. Initially they will use existing logistics providers while their transportation projects are being developed. After the rail projects and the "Road to the Sun" project are completed, New Colombia Resources will have one of a few metallurgical coal mines in the World with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. VSUS Technologies, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
New Colombia Resources, Inc.
Mr. John Campo
(57) 318-657-0918 Colombia
New Colombia Resources
Cra. 16 # 79-31 Suite 703a
SOURCE VSUS Technologies Inc.